OfferMarket

156 Analomink St, East Stroudsburg, PA 18301, USA

$295,000

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OFFERMARKET PORTFOLIO DEAL -- Confidential, not for redistribution.

Deal Overview:

  • Rental type: off-campus student housing
  • Current tenants: student athletes of East Stroudsburg University
  • Lease terms:
  • $3,200/month (leased for 2021-22 school year)
  • Effective rate per room: $640/month
  • 12 month
  • Guaranteed by parent co-signers
  • Property management fee: 5% of monthly rental income
  • Notes: typically half of students pay up-front for the year
  • Home Inspection Report (3-17-2021)
  • Rental Property Calculator

East Stroudsburg University:

2019 Renovation:

  • Condition: turnkey
  • Rehab investment: $104,000
  • New roof
  • New electrical
  • New PEX plumbing
  • New wood floors
  • New windows
  • New bathrooms
  • New kitchen
  • granite countertops
  • stainless appliances
  • Off-street parking for up to 8 cars